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Nestlé Canada to welcome new president and CEO

JP-Carmichael-072518-200x300John Carmichael (pictured) will replace Jeff Hamilton as president and CEO of Nestlé Canada when the latter takes on a new role in Europe next year.

Hamilton, who has been with Nestlé for close to 30 years, is moving to Switzerland to lead Nestlé Purina EMENA (Europe, Middle East and North Africa). He leaves his role with Nestlé Canada on Feb. 1.

Carmichael is currently president of the Foods Division at Nestlé USA. He began his career with Nestlé in 1995 in Pet Care and has since worked in various capacities and businesses throughout the company.


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Recovering from COVID 19, Altria CEO Howard Willard retires

UnknownAltria Group says that Chairman and CEO Howard Willard, who was recovering from COVID-19, has retired. Altria, the maker of Marlboro cigarettes, did not say if the 56-year-old Willard’s retirement was related to his illness. The company said Willard, whose career spanned 28 years at the company, decided to retire.

CFO Billy Gifford replaced Willard as CEO effective April 17.

The board of directors credited Willard for guiding the company as it transitions away from traditional cigarettes into non-combustibles. Late in 2018, Richmond, Virginia-based Altria discontinued its own e-cigarette line and bought a 35% stake in Juul Labs. U.S. regulators are suing to break up that multi-billion deal, saying the partnership was effectively an agreement not to compete in the U.S. vaping market.

Sales of Juul have been in decline in recent months as the company finds itself under state and federal investigations, lawsuits and flavour restrictions aimed at curbing underage vaping.

The board also decided to separate the roles of chairman and CEO. Thomas Farrell, formerly the board’s independent presiding director, was named the new independent chairman.